Recent Posts by Jack Lempart

Long-Legged Doji

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4576" align="alignright" width="126"] Figure 1. Long-Legged Doji (basic candle).[/caption] Japanese name: juji, yose Forecast: lack of determination Trend prior to the pattern: n/a Opposite candlestick: none Related candle: High Wave Construction: a doji candle opening and closing prices…
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Black Marubozu

See our Patterns Dictionary for other patterns. Check our CandleScanner software and start trading candlestick patterns! [caption id="attachment_4586" align="alignright" width="126"] Figure 1. Black Marubozu (basic candle).[/caption] Japanese name: marubozu, bozu Forecast: reversal or continuation of a trend Trend prior to the pattern: n/a Opposite candlestick: White Marubozu Construction: black body lack of shadows appears on…
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The problem with doji candles (Part 1)

Doji is one of the most important basic candles acting as a building block of many patterns – both single and multiple lines. According to the classic definition, a doji candle is the candle where the closing price is equal to the opening price. Let's look at some of the definitions employed by other authors.…
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